Caracola Beach & Spa Resort

Property In Margarita: Key Investment Points

Fringed with coconut palms overlooking a stunning beach, Caracola Beach and Spa Resort is a luxury apart-hotel resort with 1244 beach-front, one and two bed apartments on the picturesque Isla Margarita.

The resort facilities includes bars, restaurants, spa and gymnasium, 4 pools, high end retail strategically located around chillout areas and beautifully landscaped grounds.

The apartments are spread over 15 floors and across three blocks, nearly all with their own sea view.  Construction of the development will be to the highest standard and designed to be very eco-sensitive.  Caracola is the best development directly on the beautiful Caracola Beach, situated in an area with a shortage of top quality accommodation, resulting in strong rental demand and excellent potential for capital growth.

Timelines & Infrastructure

• Construction is planned to commence December 2008
• Completion is due before the end of 2010

The resort is designed to be very eco-sensitive, with the highest standard of construction which will set the benchmark for others to meet and follow.

* Includes estimate of legal and administration fees

Isla Margarita, frequently referred to as the ‘Pearl of the Caribbean’, is the most southerly island in the Caribbean Sea. It is located 40 km (25miles) north of the coast of Venezuela, and occupies an area of 920 km2 (360 sq. miles). The island has gorgeous beaches and warm sunny weather all year round

Isla Margarita is a vibrant holiday island and the most popular beach destination in Venezuela. Its tourism industry is booming with over 2.3 million tourists visiting the island every year in search of the sun, sand, surf and duty-free shopping.

Caracola Beach and Spa Resort is on the south eastern edge of Isla Margarita, just 5 minutes walk from Porlamar, Margaritas largest town and the central hub for shops, restaurants and nightlife.

The island has a large international airport, and is well served by regular flight connections to and from main cities in North America and Europe including London, Manchester, Paris, Amsterdam, Madrid and Toronto, with over a dozen daily flights to and from Caracas, and other cities in Venezuela.

The resorts multitude of services and facilities include:

• Restaurants

• Bars

• Spa

• Gymnasium

• Beauty salon

• High end retail

• Swimming pools

• Semi-covered parking

• Landscaped grounds

• Hammocks, sun beds and chillout areas

Payment Plan

• 3000 Euros reservation fee

THEN EITHER:

• Pay 30% deposit - (minus 3000 Euro reservation fee within 28 days (or 90 days for a TRANSFER SIPP) to qualify for a 2% discount

• or Pay 50% deposit - (minus 3000 Euro reservation fee within 28 days (or 90 days for a TRANSFER SIPP) to qualify for a 7% discount

• On deposit pay 1.5% for legal & administration fees*

• Pay balance on completion** plus additional 1.5% legal and administration fees

*Estimated costs at time of print

** Mortgages for the balance are expected to be available prior to completion, secured on the property, backed by the fidelity bond of the rental agreement.  Competitive market rates are expected to apply at the time.

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